Ventas (VTR) Hits New 12-Month High and Low at $46.94

Ventas (NYSE:VTR)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $46.94 and last traded at $46.91, with a volume of 833523 shares changing hands. The stock had previously closed at $47.80.

A number of brokerages have weighed in on VTR. BMO Capital Markets set a $55.00 price target on shares of Ventas and gave the company a “sell” rating in a report on Monday, January 15th. Jefferies Group reissued a “hold” rating and issued a $54.00 price target on shares of Ventas in a report on Tuesday, February 13th. Wells Fargo set a $54.00 price target on shares of Ventas and gave the company a “hold” rating in a report on Tuesday, February 13th. SunTrust Banks set a $55.00 price target on shares of Ventas and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Citigroup cut their price target on shares of Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Ventas currently has an average rating of “Hold” and an average target price of $57.38.

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The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $17,025.69, a P/E ratio of 11.30, a PEG ratio of 3.11 and a beta of 0.09.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $1.03 EPS for the quarter, meeting analysts’ consensus estimates of $1.03. Ventas had a net margin of 37.95% and a return on equity of 5.99%. The company had revenue of $895.30 million during the quarter, compared to analyst estimates of $895.92 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. sell-side analysts predict that Ventas will post 4.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Monday, April 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend was Thursday, March 29th. Ventas’s dividend payout ratio is presently 75.96%.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in shares of Ventas by 83.9% in the third quarter. Janus Henderson Group PLC now owns 178,980 shares of the real estate investment trust’s stock worth $11,655,000 after purchasing an additional 81,667 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Ventas by 1.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 113,843 shares of the real estate investment trust’s stock worth $6,832,000 after purchasing an additional 1,777 shares in the last quarter. Hexavest Inc. lifted its position in shares of Ventas by 0.9% in the fourth quarter. Hexavest Inc. now owns 1,077,199 shares of the real estate investment trust’s stock worth $64,643,000 after purchasing an additional 10,073 shares in the last quarter. Atria Investments LLC lifted its position in shares of Ventas by 40.8% in the fourth quarter. Atria Investments LLC now owns 6,863 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 1,989 shares in the last quarter. Finally, Gofen & Glossberg LLC IL lifted its position in shares of Ventas by 4.4% in the fourth quarter. Gofen & Glossberg LLC IL now owns 34,638 shares of the real estate investment trust’s stock worth $2,079,000 after purchasing an additional 1,466 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

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About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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